British luxury automaker Jaguar unveiled a $2.4 billion investment in a new range of lightweight aluminium sports and cross-over cars aimed at the mass market, a plan it said would create 1,700 jobs in the UK.
Major automakers will launch new models through 2016 in the United States at a faster pace than in the last two decades, according to a Bank of America Merrill Lynch report.
New models draw more traffic to sh
General Motors Co regained its title as the world's top-selling automaker from Japanese rival Toyota Motor Corp in 2011.
GM, bouncing back from bankruptcy only less than three years ago, said on Thursday it had sold 9.026 million
Toyota Motor Corp forecast on Thursday a 20 percent jump in global sales to a record 8.48 million vehicles next year as it claws back from this year's output losses caused by natural disasters in Japan and Thailand.
Toyota overtook G
General Motors Co's quarterly profit nearly doubled, beating expectations, as the top USautomaker took a larger share of sales globally and raised prices on its vehicles.
Coming out of bankruptcy, GM chief executive Dan Akerson and oth
General Motors Co's quarterly profit nearly doubled, beating expectations, as the top US automaker took a larger share of sales globally and raised prices on its vehicles.
Coming out of bankruptcy, GM chief executive Dan Akerson and ot
Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake on record hammered production and the yen's rise hit profits on exports. It raised its annual forecast.
The supply const
US safety regulators may seek a second penalty against Toyota Motor Corp for knowingly delaying a massive recall over defective accelerator pedals, after imposing a record $16.4 million fine against the automaker.
Toyota Motor Corp said production of eight models involved in a safety recall would resume on February 8, as it detailed plans to fix 2.4 million vehicles and sought to salvage its reputation with a PR blitz.
Toyota, whose reputation for q